NIFTY 50 Intraday Analysis – 23 Feb 2026Nifty 50 IndexNSE:NIFTYmayurkhuman📊 NIFTY 50 Intraday Analysis – 23 Feb 2026 (Timeframe: 1H chart reference from your image) Current Price: 25,726 🔎 Market Structure Overview Trend Context Market recovered strongly from 25,000 zone. Higher lows forming after 17–20 Feb. Short-term structure = Pullback in uptrend. Key Fibonacci Zones (from swing high 26,333 to low 24,972 approx.) 0.236 → 25,925 (Immediate resistance) 0.382 → 25,672 (Current reaction zone) 0.5 → 25,467 (Strong support) Important Levels From Chart 🔴 Major Resistance: 26,000 – 26,050 🔴 Supply Zone: 26,200 – 26,250 🟢 Support: 25,455 🔴 Breakdown Level: 25,000 🟢 Strong Base: 24,790 – 24,650 🎯 Intraday Trade Plan (23 Feb 2026) ✅ SCENARIO 1 – Bullish Continuation (Higher Probability if holds above 25,650) Condition: Market sustains above 25,650 for 15–30 mins after open. Trade: Buy above 25,760 SL: 25,640 Target 1: 25,920 Target 2: 26,000 Target 3 (if strong momentum): 26,200 🎯 Option Idea: NIFTY 25,800 CE (ATM/near ATM) Exit 50% at T1 Trail SL to cost after T1 ❌ SCENARIO 2 – Rejection From 25,800–25,900 Zone If market fails near 25,850–25,900 and forms rejection candle: Trade: Sell below 25,720 SL: 25,860 Target 1: 25,600 Target 2: 25,455 Target 3: 25,300 🎯 Option Idea: NIFTY 25,700 PE 🚨 SCENARIO 3 – Breakdown Trade (Aggressive) If market breaks and sustains below 25,450: Sell below 25,430 SL: 25,560 Target: 25,200 Extended: 25,000 📌 What I Expect Today Bias: Sideways to Slight Bullish Market likely: First test 25,900 zone If breakout → 26,000 possible If rejection → back to 25,500 zone